Retail stores that are closing in 2020

Is your favorite retailer going out of business this year?

Abercrombie & Fitch

Credit: Flickr / Phillip Pessar

Abercrombie & Fitch shut down 40 stores in 2019, and it looks like the clothing retailer is expected to close additional locations in 2020 after its sales tanked 34% during the first quarter of the year because of the coronavirus shutdown. The company has trimmed its gross square footage by 14% since 2015, and chief financial officer Scott Lipesky said that 2020 should be no different. “As we have stated before, we are willing to walk away from any location, if we cannot get terms that work for us,” Lipesky told analysts in May. “The disruption we have seen from the pandemic only reinforces this perspective.”

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